June 10, 2024 09:56 GMT
French 10yr breaks the 2024 high
OAT
- While the initial support in Bund noted at 129.83, printed a 129.82 low has held, the French 10yr Yield edges above the 2024 high, equated to 123.65 in Futures, now highest level since late November.
Looking at Yield, now reference 123.65:
- 3.228% = 123.31 (24th Nov high).
- 3.250% = 123.11.
- 3.300% = 122.64.
OAT/Bund spread is now over 6bps wider, with next resistance seen towards 55.7bps
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